2024 Q1 Form 10-K Financial Statement

#000147824224000038 Filed on February 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $3.737B $3.868B $14.98B
YoY Change 2.33% 3.45% 3.98%
Cost Of Revenue $2.444B $2.478B $9.745B
YoY Change 1.92% 2.95% 3.87%
Gross Profit $827.0M $1.390B $5.239B
YoY Change 3.12% 4.35% 4.2%
Gross Profit Margin 22.13% 35.94% 34.96%
Selling, General & Admin $508.0M $556.0M $2.053B
YoY Change -0.97% -4.63% -0.87%
% of Gross Profit 61.43% 40.0% 39.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $264.0M $316.0M $1.125B
YoY Change 4.35% -11.48% -0.44%
% of Gross Profit 31.92% 22.73% 21.47%
Operating Expenses $508.0M $872.0M $2.053B
YoY Change -0.97% -7.23% -0.87%
Operating Profit $506.0M $518.0M $1.977B
YoY Change 7.43% 32.14% 9.89%
Interest Expense $166.0M -$169.0M $672.0M
YoY Change 17.73% 38.52% 61.54%
% of Operating Profit 32.81% -32.63% 33.99%
Other Income/Expense, Net -$11.00M $47.00M $124.0M
YoY Change -142.31% 161.11% -475.76%
Pretax Income $340.0M $373.0M $1.459B
YoY Change -6.08% 35.64% 7.04%
Income Tax $49.00M -$102.0M $101.0M
% Of Pretax Income 14.41% -27.35% 6.92%
Net Earnings $288.0M $469.0M $1.358B
YoY Change -0.35% 106.61% 24.47%
Net Earnings / Revenue 7.71% 12.13% 9.06%
Basic Earnings Per Share $1.58 $7.39
Diluted Earnings Per Share $1.56 $2.55 $7.29
COMMON SHARES
Basic Shares Outstanding 181.5M shares 182.5M shares 183.8M shares
Diluted Shares Outstanding 184.3M shares 186.3M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.575B $1.496B $1.496B
YoY Change -1.44% 14.29% 14.29%
Cash & Equivalents $1.444B $1.376B $1.376B
Short-Term Investments $131.0M $120.0M $120.0M
Other Short-Term Assets $615.0M $687.0M $687.0M
YoY Change -1.6% -3.51% -3.51%
Inventory
Prepaid Expenses $173.0M $141.0M
Receivables $3.426B $3.381B $3.381B
Other Receivables $35.00M $32.00M $32.00M
Total Short-Term Assets $5.651B $5.596B $5.596B
YoY Change 6.06% 12.35% 12.35%
LONG-TERM ASSETS
Property, Plant & Equipment $513.0M $523.0M $819.0M
YoY Change -1.35% -1.69% -5.1%
Goodwill $14.52B $14.57B
YoY Change 3.57% 4.64%
Intangibles $4.725B $4.839B
YoY Change -0.67% 0.39%
Long-Term Investments $154.0M $134.0M $239.0M
YoY Change 55.56% 42.55% 47.53%
Other Assets $628.0M $621.0M $621.0M
YoY Change 5.9% 5.25% 5.25%
Total Long-Term Assets $20.92B $21.09B $21.09B
YoY Change 2.51% 3.58% 3.58%
TOTAL ASSETS
Total Short-Term Assets $5.651B $5.596B $5.596B
Total Long-Term Assets $20.92B $21.09B $21.09B
Total Assets $26.57B $26.68B $26.68B
YoY Change 3.24% 5.3% 5.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.455B $3.564B $3.564B
YoY Change 9.93% 7.48% 452.56%
Accrued Expenses $2.855B $2.631B
YoY Change 6.89% 8.99%
Deferred Revenue $1.914B $1.799B
YoY Change 4.76% 0.11%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $717.0M $718.0M $718.0M
YoY Change -46.61% 372.37% 357.32%
Total Short-Term Liabilities $6.448B $6.491B $6.491B
YoY Change -3.14% 16.37% 16.37%
LONG-TERM LIABILITIES
Long-Term Debt $12.82B $12.96B $12.96B
YoY Change 8.33% 2.86% 1.06%
Other Long-Term Liabilities $595.0M $698.0M $921.0M
YoY Change -7.18% 4.02% 29.54%
Total Long-Term Liabilities $13.41B $13.65B $13.88B
YoY Change 7.54% 2.92% 2.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.448B $6.491B $6.491B
Total Long-Term Liabilities $13.41B $13.65B $13.88B
Total Liabilities $20.23B $20.57B $20.57B
YoY Change 2.14% 5.09% 5.09%
SHAREHOLDERS EQUITY
Retained Earnings $4.980B $4.692B
YoY Change 37.46% 40.73%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.344B $6.112B $6.112B
YoY Change
Total Liabilities & Shareholders Equity $26.57B $26.68B $26.68B
YoY Change 3.24% 5.3% 5.3%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $288.0M $469.0M $1.358B
YoY Change -0.35% 106.61% 24.47%
Depreciation, Depletion And Amortization $264.0M $316.0M $1.125B
YoY Change 4.35% -11.48% -0.44%
Cash From Operating Activities $522.0M $747.0M $2.149B
YoY Change 25.18% 33.39% -4.91%
INVESTING ACTIVITIES
Capital Expenditures $145.0M $179.0M $649.0M
YoY Change -11.59% 4.68% -3.71%
Acquisitions $142.0M $876.0M
YoY Change 688.89% -33.38%
Other Investing Activities $0.00 -$33.00M -$5.000M
YoY Change -100.0% -89.22% -37.5%
Cash From Investing Activities -$314.0M -$212.0M -$1.603B
YoY Change 41.44% -55.56% -20.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $992.0M
YoY Change -15.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$106.0M -420.0M -$382.0M
YoY Change -221.84% 117.62% 16.11%
NET CHANGE
Cash From Operating Activities $522.0M 747.0M $2.149B
Cash From Investing Activities -$314.0M -212.0M -$1.603B
Cash From Financing Activities -$106.0M -420.0M -$382.0M
Net Change In Cash $68.00M 115.0M $160.0M
YoY Change -75.54% -204.55% -206.67%
FREE CASH FLOW
Cash From Operating Activities $522.0M $747.0M $2.149B
Capital Expenditures $145.0M $179.0M $649.0M
Free Cash Flow $377.0M $568.0M $1.500B
YoY Change 49.01% 46.02% -5.42%

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CY2021 us-gaap Interest Paid Net
InterestPaidNet
343000000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
340000000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
255000000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
222000000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Firm
AuditorFirmId
238

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